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BryanWilson
Aug 18, 2016 3:08 PM

200 MA breakout Long

Morgan StanleyNYSE

Description

Looking for a long entry here on MS as it breaks above it's 200 day moving average on the 5 year chart. The 40 and 50 day moving averages are beginning to curve for a possible upward movement reflected. Current Trend is up for the year. I am looking for an entry today above yesterday's high with a stop loss around previous highs in the $27 range. $3 downside for possible $6+ upside leaving a 2:1 ratio or better.
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